After The Festival Encountered "Late Spring Cold" Cotton Prices Staged "Difficult Road"

9, Shandong, Dezhou, Binzhou, Dongying and other 400 enterprises seed cotton purchase price 2.80-3.15 yuan / Jin, a slight increase of 0.02 yuan / Jin compared with last week.

According to the enterprise, at present, 400 enterprises in Shandong province started 35-40, which fell by more than 69% compared with 130 before the Spring Festival holiday.

Talking about the reasons, a market source in Dezhou said: first, there is not much quantity of seed cotton after the festival. Two, the spot digestion that was processed years ago was slow, and it was difficult for enterprises to withdraw funds.

The market prices in Hebei, Henan and Tianjin are similar to those in Shandong.

As of 9 days, the rate of operation of the 400 type enterprises was only about 20% of that before the Spring Festival, while the 200 type enterprises were very few.

A cotton grower in Cangzhou, Hebei, said that although the direct subsidy scheme of Hebei, Shandong and Henan has been approved, the market is expected to be subsidized in April, but the allowance is only a drop in the bucket for cotton farmers.

On the spot, the price of 3128 grade cotton production in most of the Hebei ginning plant in Hebei was 13000-13200 yuan / ton and 12600-12700 yuan per ton at grade 4128. It was 200 yuan / ton higher than before the Spring Festival.

However, some ginning plants worry that spot prices will turn downward after a small increase.

First, it is rumoured that the Xinjiang regiment is selling cotton lint at a reduced price, and the price of the machine picked cotton is reduced by 300 yuan / ton on the basis of 13500 yuan / ton, and there are still preferential treatment for mass purchase. Two, the price of real cotton in Shandong and Henan is returning to the level before the Spring Festival, of which the 3128 level of Shandong Binzhou is 12900 yuan / ton, down 200 yuan / ton compared with last week; three is the decline of zhengmian futures, up to last Friday (6).

The main CF1505 contract closed at 13160 yuan / ton, down 115 yuan / ton before the Spring Festival (February 13th), which is not conducive to the spot market of lint.

Cottonseed market down.

9, Xiajin, Shandong.

Dongguang and other places cottonseed prices to 1.17 yuan / Jin, 1.14 yuan / Jin, respectively, down 0.02 yuan / Jin compared with last week.

It is understood that after the Spring Festival, the Yellow River River Basin cottonseed market presents "first up and then down" characteristics.

Recently, the main reason for the decline of cottonseed is that the downstream cottonseed oil and cottonseed meal are depressed by the drop in the external market.

More cautious.

The head of a pressing oil factory said that not only the cottonseed in the mainland dropped, but also cotton seeds in Akesu, Kashi and other places in Xinjiang dropped slightly, and the 9 day pick-up price was about 0.81 yuan / kg, down by 0.01-0.02 yuan / Jin, and the enthusiasm of some mainland oil extraction factories in Xinjiang also declined.

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According to the survey, at present, Shandong, Hebei, Jiangsu, Henan and other places of small and medium-sized cotton textile enterprises are restricted by purchasing funds, pportation costs, financial costs and difficulties in the recovery of downstream goods, and so on, and the purchase of cotton and other raw materials has been pferred to the cotton and linen and cotton operators in the mainland and other ways through partial credit or full arrears.

A cotton and linen company in Hebei said that the number of inquiries and goods demanded by the cotton textile enterprises in Hebei and Jiangsu gradually increased after the Spring Festival. In order to pick up one vehicle or two cars (one vehicle and one batch), the delivery time was very tight, requiring more shipping to the factory within two days, and paying less than 50% customers.

Most operators directly purchase cotton linen from cotton warehouse or cotton mill nearby warehouse according to the quality requirements of cotton mill, so as to reduce the cost of intermediate pfer.

Some middlemen said that since the beginning of March, the mainland textile enterprises have been asking and increasing the price of hand picked cotton in the southern Xinjiang, with a horse value of B1 and B2, but procurement is still mainly "piecemeal".

Judging from the quotation of Xinjiang cotton since the early March, chaos and miscellaneous are still the main characteristics. The price difference between the 3128 level of hand picked cotton in southern Xinjiang, the three regulatory libraries in Akesu, Bachu and Korla reached 200-300 yuan / ton.

Due to the relatively large pressure on the southern Xinjiang Railway pportation, there are still a lot of lint piling on the platform waiting for the wagon, plus the pressure that the loan banks need to collect loans in proportion to the end of March. Some of the funds are tight. The cotton prices of cotton processing enterprises urgently need to sell cotton loans are reduced by 200-300 yuan / ton before the Spring Festival, and some manufacturers plan to sell more than 20% in the short term.

And a few cash flow is abundant, the loan ratio is low or no bank loans of cotton enterprises are very calm, on the one hand orderly move to the mainland warehouse; on the other hand observe ICE, Zhengzhou and cotton market supply and demand situation changes, waiting for Xinjiang cotton demand turning point.

In March 9th, the 3128 class gross weight pick up price in southern Xinjiang was quoted at 13000-13800 yuan / ton, and the price of the dirty cotton was reduced to about 12000 yuan / ton. Many cotton factories and textile factories in the mainland did not send people to the warehouse to see the goods. Instead, they decided to purchase according to the public inspection certificate, with the emphasis on impurity, length, horse value and grade.